1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Windsor Brokers - Short Term Technical Analysis for Majors (08:00 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, May 28, 2010.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

    Joined:
    Feb 18, 2010
    Messages:
    948
    Likes Received:
    1
    EUR/USD

    Attempts to build a recovery phase off 1.2142/53, 19/27 May double bottom, but only breakout of 1.2671, 21 May swing high, completes the bullish pattern. Until then, 1.2415/80 may obstruct gains for a lower top.

    Res: 1.2394, 1.2415, 1.2445, 1.2480
    Sup: 1.2280, 1.2242, 1.2203, 1.2153

    [​IMG]


    GBP/USD

    Recovery off 1.4230/57 was capped by 1.4606 yesterday, with reversal underway. Short-term bulls remain intact while trendline support, currently at 1.4462 holds. Otherwise, stronger correction into 1.4401/1.4365 is likely. Upside, clearance of 1.4606/39 is needed to open way for key 1.4719, break of which would resume recovery.

    Res: 1.4606, 1.4639, 1.4702, 1.4719
    Sup: 1.4462, 1.4447, 1.4401, 1.4365

    [​IMG]


    USD/JPY

    Firmed off 89.80 higher low, breaking through key 90.66/63 resistances. This firms the short-term recovery structure off 88.95 for gains towards 91.88, possibly 92.14 on a break. Reversal below 90.66/20 ends recovery and risks 89.91/58 instead.

    Res: 91.54, 91.86, 92.14, 92.42
    Sup: 90.66, 90.19, 89.91, 89.80

    [​IMG]


    USD/CHF

    Shallow correction from 1.1694, 25 May yearly high, precedes a likely push higher to challenge 1.1785, trendline drawn off Feb 2006 high. Support at 1.1449 now keeps immediate bulls in play, with break above 1.1655 needed to confirm fresh swing higher.

    Res: 1.1655, 1.1694, 1.1725, 1.1742
    Sup: 1.1481, 1.1449, 1.1417, 1.1402

    [​IMG]
     
Loading...

Share This Page